San Antonio 78245
Throwing supply and demand out the window, 78245 bucks the trends of inventory and price being inversely related and continues a steady decline in both categories. Because of it's proximity to Lackland Air Force Base, this area saw a lot of new construction growth and as the market slowed, so did the builders. With the builders looking to continue their developments in the area, they often were willing to slash prices, bringing overall values down. As well, they stopped building new homes for awhile - so as people bought the now-discounted homes, the inventory levels continued to decline. Recent signs suggest prices might be getting better, but I wouldn't say they're on the rise just yet.
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Matt Stigliano, Realtor® | RE/MAX Access | (210) 646-HOME | www.RErockstar.com
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